EDITORS' PICKS

In this week's essential reading guide, Kohler reads the Rudd ETS its last rites, Gottliebsen eyes the storm brewing over NRL salary cap breaches, Bartholomeusz puts the Goldman case in perspective and Maley checks in on Greece.

The carbon stranglerAlan KohlerThe Rudd government's emissions trading scheme has been put out of its misery with a new report strangling the economic outcomes of the program with cold reality.

Rudd's tax Trojan HorseAlan KohlerInstead of exposing the states' wasteful use of the GST and calling a referendum, Kevin Rudd has used health reform as a decoy to reverse the Howard government's GST gift.

Tackling dummies for MurdochRobert GottliebsenNews Corporation must seriously re-evaluate its ownership of the Melbourne Storm and the National Rugby League following its salary cap shock.

Cornered by penaltiesRobert GottliebsenThe new penalty-rate regime has led a lift in the cash economy. However unlike previous decades, Fair Work Australia will ensure most businesses are caught. So what does this mean for small business?

The Goldman oxymoronStephen BartholomeuszBy Wall St standards and on the basis of what is known at this point, what Goldman did was not immoral but rather modus operandi for investment banks.

Freezing the banking status quoStephen BartholomeuszThe ACCC's decision to block NAB's deal with AXA APH would be defensible if all four banks were the same, or if the ruling created more competition. However, that isn't the case.

BHP corruption probe's bad timingKaren MaleyAn investigation by US regulators will be closely watched in the EU where the miner is struggling to gain approval for its Rio Pilbara deal.

The Greek LehmanKaren MaleyGerman Finance Minister Wolfgang Schuble has warned of the need to stop Greece becoming a "second Lehman Brothers". But with the financial situation worsening, that will come at quite a price.

KEEN'S DEBT MARCH: Crash and burnRob BurgessDay seven on the road with Steve Keen, and the economist presents a worrying summation – a property market crash is the only path to sustainable economic growth for Australia.

Opening the Australia Post vaultQ&A by Isabelle OderbergCEO Ahmed Fahour explains why banking is not front and centre of his new plan to bring Autralia Post into the modern age, which includes harnessing the power of Australia's move to online.

IMPORTANT: This information is general financial product advice only and you should consider the relevant product disclosure statement (PDS) or seek professional advice before making any investment decision. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about a product. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.